Status message

FASB Seats Transition Group for Impairment, Not Leases

The Financial Accounting Standards Board is forming a “transition resource group” to facilitate implementation of the pending standard on financial instrument impairment, but doesn’t see the need for a similar groups to help steer adoption of rules expected soon on lease accounting or classification and measurement of financial instruments.

In remarks at a national accounting conference on regulatory issues, FASB Chairman Russ...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.

Free 5-Day Trial

Try subscriber benefits free . . .

Leave this field blank

LinkedIn Group

Join the Compliance Week LinkedIn group, where members network and discuss GRC news and issues. Open to compliance professionals.